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22 Dec, 2018 RBI General Studies

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RBI caps outstanding ECBs at 6.5% of GDP

The Reserve Bank of India (RBI) on Thursday has announced a cap for funds raised via external commercial borrowing (ECB) at 6.5% of the country’s GDP.

ECBs refer to commercial loans in the form of bank loans, securitised instruments buyers’ credit, suppliers’ credit availed of from non-resident lenders with a minimum average maturity of three years.

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